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Underwriter

Point-Mortgag

Job Purpose:Review mortgage loan files to asses risk and compliance with agency and investor underwriting guidelines.Duties & Responsibilities:Collect and analyze loan documentation to calculate risk and credit worthiness for residential mortgages.Review, update and run automated underwriting systems to determine risk, salability and reduced documentation for borrowers and review of data accuracy as input in Encompass LP and DUReview appraisal to verify that it meets investor /insurer requirements and contact appraiser to obtain clarification of the appraisal when necessary.Submit qualifying loan submission to investor /insurer for final approvalAct on loans awaiting closing by reviewing and clearing conditions of commitment, pull and analyze credit.Deny loan applications that do not meet applicable investor/insurer underwriting criteria by issuing adverse action letter in accordance with ECOAReconsider any previously denied application at request of borrower, realtor, loan originator or managementProvide clear, concise and appropriate conditioning of loans when rendering decisions.Mentor processing staff on underwriting deficiencies and calculation errors.Keep management informed of specific ongoing issues that require immediate attention.Provide client support for general questions or problem resolution via phone and e mail interaction.Coordinate with Post-Closing department on any stipulations for closed files.Position Requirements:At least 3+ years mortgage underwriting experienceKnowledge of Fannie Mae, Freddie Mac, FHA/VA underwriting process and standard guidelinesProficient with mortgage operating systems, preferably EncompassExperience with Paperless and E-DocumentsAbility to multi task and shift prioritiesExcellent communication skills both verbal and writtenStrong analytical skills #J-18808-Ljbffr Point-Mortgag

Vacancy posted 1 day ago
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